Funding you earn now, next payment 00:00 UTC+0.0248%/8h= +27.1% APRpaid last 24h −0.026%
Price spread now: Bybit against KuCoin+0.095%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs−$193as in the Price arb table
costs, in and out, $10k−$1981.982% of the position
Funding, last 7 days+0.111%+$11 on $10k
+Price spread, last 4 days (all we have)−0.169%−$17 · spread now +0.095%, 7d avg +0.048%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bybit is 0.047% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.048%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.111% in total (about 5.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ZHIPUUSDTM | 105.21 | 0.0100 | pay 0.0050% / 4h | 41m 15s | $41K | $130K | 20x |
| Short | Bybit ZHIPUUSDT | 105.31 | 0.0348 | get 0.0348% / 8h | 41m 15s | $306K | $1.3M | 25x |
KuCoin ZHIPUUSDTM
Bybit ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $52.05
- Price spread: +0.095% → +0.048%
- $4.72
- Slippage, 4 orders
- −$175.17
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$141.4
- Costs to cover
- 1.982%
- Break-even
- 26.0 days
Slippage from KuCoin: live order book, 12 min ago; Bybit: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy KuCoin live order book, 12 min ago | 12.82 bp | 51.0 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 4.28 bp | 38.7 bp −$39 | 996.0 bp −$9,960 | doesn't fit | doesn't fit |
ZHIPU on 17 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZHIPUUSDT | 0.0000% | 8h | 105.03 | −0.169% | $54K | $51K | 20x | as long as short |
| Binance ZHIPUUSDT | 0.0000% | 4h | 105.20 | −0.010% | $20.9M | $57.2M | 25x | as long as short |
| Gate ZHIPU_USDT | 0.0000% | 8h | 105.33 | +0.114% | $2.9M | $13.3M | 50x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 105.29 | +0.076% | $2K | $1.2M | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 105.17 | −0.038% | $19K | $316K | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.0043% | 8h | 105.38 | +0.162% | $5.0M | $18.6M | 25x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 105.17 | −0.038% | $37K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 105.27 | +0.060% | $23K | $20 | 3x | as long as short |
| KuCoin ZHIPUUSDTMlong | +0.0100% | 4h | 105.21 | long leg | $41K | $130K | 20x | |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 105.17 | −0.037% | — | — | 10x | as long as short |
Aster ZHIPUUSDT
Binance ZHIPUUSDT
Gate ZHIPU_USDT
SunX ZHIPU-USDT
HTX ZHIPU-USDT
OKX ZHIPU-USDT-SWAP
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Aevo ZHIPU-PERPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZHIPUUSDT | +0.0130% | 8h | 105.26 | +0.048% | $1.7M | $4.4M | 20x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0204% | 8h | 105.17 | −0.038% | $76 | $266 | 10x | as long as short |
| Lighter ZHIPU | +0.0280% | 1h | 105.30 | +0.086% | $120K | $9K | 10x | as long as short |
| Bybit ZHIPUUSDTshort | +0.0348% | 8h | 105.31 | +0.095% | $306K | $1.3M | 25x | |
| tradeXYZ xyz:ZHIPU | +0.0822% | 1h | 105.26 | +0.048% | $29.0M | $7.8M | 10x | as long as short |
| edgeX ZHIPUUSDC | +0.0869% | 4h | 105.23 | +0.020% | $21K | $151K | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.1100% | 1h | 105.16 | −0.048% | $37K | $22K | 5x | as long as short |
Bitget ZHIPUUSDT
Orderly PERP_ZHIPU_USDC_mythos
Lighter ZHIPU
tradeXYZ xyz:ZHIPU
edgeX ZHIPUUSDC
Ondo Perps ZHIPU-USD.P